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"The DeBerry Team Made It Happen"!!
"We so love the house that you sold to us. Thus the reason when my son was seeking a house, I contacted you. You are the absolute "best" in the world of real estate. You assigned your buyers agent to assist my son with his purchase. She found him the home even before he saw it. It blows me away, how you have nurtured your staff to be just as you, knowing, caring, and right on"! "Thank you, Roxanne for helping complete the next step of my son's life. He is the most important to me, and I recommended you and you have never let us down".
"Mrs. Linda Connor"
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First Time Buyers >The Seller May Pay
The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.
Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.
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| Q |
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
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| A |
Real Estate--it goes through cycles, but still has a long-term record of strong investment return. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
